Tricubes Bhd today announced that Bursa Malaysia Securities Bhd (Bursa Securities) has disallowed its appeal against rejection of its proposed regularisation plan and de-listing.

In the circumstances, the securities of Tricubes will be removed from the official list of Bursa Securities on October 1, it said in an announcement to the exchange.

Tricubes said its securities, which are currently deposited with Bursa Malaysia Depository Sdn Bhd, may remain deposited notwithstanding the de-listing of the securities from the official list of Bursa Securities.

Alternatively, its shareholders who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts at anytime after the securities have been de-listed from the official list of Bursa Securities.

Upon the de-listing, Tricubes will continue to exist but as an unlisted entity.

It is still able to continue its operations and business and proceed with corporate restructuring while shareholders can still be rewarded by the company's performance.

However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities, Tricubes said. -- Bernama